Spartan Delta (TSE:SDE) Price Target Raised to C$11.00

Spartan Delta (TSE:SDE) had its price target lifted by Scotiabank from C$8.00 to C$11.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

SDE has been the subject of several other reports. BMO Capital Markets increased their target price on Spartan Delta from C$7.50 to C$9.00 in a report on Tuesday, January 6th. TD Securities boosted their price objective on Spartan Delta from C$7.50 to C$9.50 and gave the company a “buy” rating in a research report on Tuesday, January 6th. CIBC increased their price objective on Spartan Delta from C$6.25 to C$9.00 in a research note on Wednesday, October 15th. Desjardins lifted their target price on shares of Spartan Delta from C$8.00 to C$8.50 and gave the stock a “hold” rating in a research note on Tuesday, January 6th. Finally, National Bankshares upped their price target on shares of Spartan Delta from C$7.50 to C$9.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$9.29.

Spartan Delta Stock Performance

TSE SDE opened at C$8.84 on Wednesday. The company has a 50-day simple moving average of C$7.54 and a two-hundred day simple moving average of C$6.06. Spartan Delta has a 12-month low of C$2.39 and a 12-month high of C$8.92. The firm has a market cap of C$1.77 billion, a price-to-earnings ratio of 44.20 and a beta of 0.22. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 28.49.

Spartan Delta Company Profile

Spartan is committed to creating value for its shareholders, focused on sustainability in both operations and financial performance. The Company’s culture is centered on generating Free Funds Flow through responsible oil and gas exploration and development. The Company has established a portfolio of high-quality production and development opportunities in the Deep Basin and the Duvernay. Spartan will continue to focus on the execution of the Company’s organic drilling program across its portfolio, delivering operational synergies in a respectful and responsible manner in relation to the environment and communities it operates in.